Filed January 10, 2023
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,347 | $82,032-52.0% | $123,104-68.0% | $59,632-34.0% |
| Participation rate | 48.4% | 83.2%-34.8pp | 86.8%-38.3pp | 68.7%-20.2pp |
| Annual return | -1.05% | 5.12%-6.2pp | 13.22%-14.3pp | 2041.28%-2042.3pp |
| Employer contribution / active EE | $195 | $3,297-94.1% | $5,151-96.2% | $2,203-91.2% |
| Participant deferral / active EE | $6,705 | $4,667+43.7% | $6,230+7.6% | $3,192+110.1% |
| Admin fee / account holder | $72 | $5,881-98.8% | $9,015-99.2% | $4,297-98.3% |